It will soon start research and development activities for the
electronic money system with the aim of putting it into trial use in January next year for about 10,000 Hitachi employees, the officials said.
But with
electronic money inflation could creep up before the ECB knows about it.
At the same time, most would agree that the growth of wholly new payment technologies, such as
electronic money, has been slower than many observers anticipated several years ago.
The costs and difficulties of moving money around the world have been dramatically reduced, as
electronic money can now be moved through telecommunications channels and processed quickly and efficiently by computers.
Transactions using unaccounted
electronic money create the opportunity for either not reporting or under-reporting the resulting income.
We buy, say, $10 worth of
electronic money from a machine or a sales clerk.
The procedure for using
electronic money commercially would be practically the same as it is with present-day credit-card transactions and hardly requires explaining.
AFL, a wholly owned subsidiary of APS, is authorised by the FSA for the use of
electronic money under the
electronic money regulations 2011 (see www.
Indonesias apex lender Bank Indonesia is almost ready to simplify branchless banking services and
electronic money regulations with the intention of expanding cashless payment systems in the nation.
The central bank said that the review would help address numerous concerns raised over the implementation of the current
Electronic Money Issues (EMI) Guidelines, which was designed specifically for mobile money and all types of
electronic money.
ISLAMABAD -- Pakistan Post extended
Electronic Money (EMO) service to its 56 General Post Offices (GPOs) across the country.
LONDON, Jan 17, 2011 (TUR) -- Gumkart, an
electronic money card, used at all customs locations throughout Turkey to pay duties has received the "Most Creative Solution to Pay Public Fees" award in London on Monday.
